The US Dollar Index (DXY) is due to rally up next after finally encountering a strong support at 89 (in blue). This support also sits on the 0.618 Fibonacci retracement level. Should the bounce be strong enough to break the recent downtrend (in orange) established since the beginning of January 2018, it may try the 100s area, after facing some resistance near the 95 area.
EURUSD accounts for 57.6% of the DXY, and a retracement there - which is quite possible after the resistance it encountered near the 1.25 area - would help to drag the DXY up.
EURUSD accounts for 57.6% of the DXY, and a retracement there - which is quite possible after the resistance it encountered near the 1.25 area - would help to drag the DXY up.